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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding (end-of-period, EOP). Spirit Airlines Inc's share price for the quarter that ended in Sep. 2015 was $47.3. Spirit Airlines Inc's shares outstanding (EOP) for the quarter that ended in Sep. 2015 was 72 Mil. Therefore, Spirit Airlines Inc's market cap for the quarter that ended in Sep. 2015 was $3,384 Mil.
Spirit Airlines Inc's quarterly market cap declined from Mar. 2015 ($5,630 Mil) to Jun. 2015 ($4,528 Mil) and declined from Jun. 2015 ($4,528 Mil) to Sep. 2015 ($3,384 Mil).
Spirit Airlines Inc's annual market cap increased from Dec. 2012 ($1,285 Mil) to Dec. 2013 ($3,295 Mil) and increased from Dec. 2013 ($3,295 Mil) to Dec. 2014 ($5,501 Mil).
Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Spirit Airlines Inc's enterprise value for Today is $2,968 Mil.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Spirit Airlines Inc's Market Cap for the fiscal year that ended in Dec. 2014 is calculated as
|Market Cap (A: Dec. 2014 )||=||Share Price (A: Dec. 2014 )||*||Shares Outstanding (EOP) (A: Dec. 2014 )|
Spirit Airlines Inc's Market Cap for the quarter that ended in Sep. 2015 is calculated as
|Market Cap (Q: Sep. 2015 )||=||Share Price (Q: Sep. 2015 )||*||Shares Outstanding (EOP) (Q: Sep. 2015 )|
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Spirit Airlines Inc Annual Data
Spirit Airlines Inc Quarterly Data